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Dec 5, 2013
12/13
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to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats
to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we...
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Dec 5, 2013
12/13
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near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your job is to help navigate people through this again actual ship. consequently, last year, new york, there were elementary schools these tests. a lot of people were not prepared. the question is, how did they actually know the exact number? it creates teachers draft. you can actually figure out what the cut scores were and how to align it. between the lack of preparation for teachers, the lack of communication with parents, and the sense that you are using the data, using the kids' data, and you know exactly where the scores will come in. this year, what has happened
near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your...
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Dec 5, 2013
12/13
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taxes, raise the cost for everybody else. if you just track down deadbeat taxpayers, people hiding their money overseas, you could actually cover the cost. so, our plan pays for one year of unemployment compensation. downg the government set to shutdown, this economy lost unnecessary,or an shameful action. the cost of providing compensation for the next year, 24 billion dollars. we do pay for it. theay for it by making sure deadbeats and people trying to hide their money pay their share of taxes. >> you seem to have an array of questions. turn to ourto ranking member on the appropriations committee for her .iew >> thank you, madam leader. i will just mention a few things. number one, it is very clear from chairman rogers and all of the 12 cardinals, chairs of the , theyriations committee have issued a statement. they have discussed the process more than once. they have made it clear they don't want to continue -- want a continuing resolution. they want to have a budget that is workable. i mention this because my colleague tal
taxes, raise the cost for everybody else. if you just track down deadbeat taxpayers, people hiding their money overseas, you could actually cover the cost. so, our plan pays for one year of unemployment compensation. downg the government set to shutdown, this economy lost unnecessary,or an shameful action. the cost of providing compensation for the next year, 24 billion dollars. we do pay for it. theay for it by making sure deadbeats and people trying to hide their money pay their share of...
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Dec 5, 2013
12/13
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the third, the implications of 1 tax that will affect many ma plans and further act as pressure on the ability to provide benefits. the fourth, the recent provideent that cms changes for medicare advantage plans. the result of the changes are inevitable. the first will be fewer plans. from 60 to 140 fewer plans and 2014. there are reports of 10,000 cancellation notices in ohio. 50,000 in new jersey. these all represent further the pledge that if you like your health insurance, you can keep it under the affordable care act. by 2019 when the cuts are fully implemented. and these reductions are disproportionately borne by low-income americans. estimates are 75% of the impact hit to those making less than $34,200. the next step for the plans that do survive is to pass along these reductions in the form of either higher cost sharing or benefits or more limited networks that provide benefits with fewer choices. these are not the voluntary decisions of insurers. they are the consequence of the law that limits their ability to provide options to beneficiari beneficiaries. going forward, i woul
the third, the implications of 1 tax that will affect many ma plans and further act as pressure on the ability to provide benefits. the fourth, the recent provideent that cms changes for medicare advantage plans. the result of the changes are inevitable. the first will be fewer plans. from 60 to 140 fewer plans and 2014. there are reports of 10,000 cancellation notices in ohio. 50,000 in new jersey. these all represent further the pledge that if you like your health insurance, you can keep it...
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Dec 6, 2013
12/13
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dodd-frank prohibits the use of tax dollars to bail out any financial firm. it requires that we will and use the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. also, realtors have made clear implement the authority which vows the federal deposit corporation to wind it down safely over time. and they are continuing to develop strategies and guidance for resolving major institutions with minimum disruption to the financial system. there is still more work to do, particularly to make sure that international rules mesh with our own since, as we know too well, financial crises do not respect national borders. while we will not know how well these tools work for certain until they are tested by a true crisis, several things are clear. dodd-fran
dodd-frank prohibits the use of tax dollars to bail out any financial firm. it requires that we will and use the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. also,...
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Dec 5, 2013
12/13
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CSPAN2
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wind power and natural gas offer taxes away to clear all these options. additionally, our domestic of life lost to meet our judges and those of our neighbors. those must be addressed directly. last month we held a hearing on h.r. 3301, the north american energy infrastructure act. adhering ferc was concerned about h.r. 3301 with the effect of the ability to comply with section three and section seven of the natural gas act. i think after initial misread want to emphasize that ferc section three and six of the 40 remain in place. in fact, h.r. 33 to one provides ferc additional authority by eliminating the presidential permit process, creating a regulatory structure within the commission and gives ferc is the ability to approve the import or export a patch of grass across national boundaries but i think we need members of this subcommittee has confidence in ferc's pipeline permitting ability and h.r. 3301 is an example of that. i look forward to discussing all these issues today and thank our witnesses for being here and again, thank my ranking member for
wind power and natural gas offer taxes away to clear all these options. additionally, our domestic of life lost to meet our judges and those of our neighbors. those must be addressed directly. last month we held a hearing on h.r. 3301, the north american energy infrastructure act. adhering ferc was concerned about h.r. 3301 with the effect of the ability to comply with section three and section seven of the natural gas act. i think after initial misread want to emphasize that ferc section three...
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Dec 5, 2013
12/13
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BLOOMBERG
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will a tax on junk food and soda be a solution? it is not just for drinking and we will talk to a man who claims to have the best whiskey collection in the u.s.. why the drink could make a better investment than stocks. stay "in the loop." we're just getting started on this thursday. >> "in the loop" with betty liu will be right back. ♪ >> well, ford is unveiling the new mustang today at an event that some might call the latest evidence of a renaissance among detroit's automakers. a beautiful card. , and manufacturing in the u.s., but our next guest disagrees. he writes in his latest bloomberg view column economist gary shilling joining us. always rate to see you. see you.to so, why are you so down? >> well, i am not down. taking up in is this country and there is this reassuring, if you will, coming back, but it is robotic- intensive. mean, robotic intensive -- workers are not being hired? >> that is right. the output per employee in manufacturing it is right back on trent, growing 3.5% a year. as a result, with the revival of m
will a tax on junk food and soda be a solution? it is not just for drinking and we will talk to a man who claims to have the best whiskey collection in the u.s.. why the drink could make a better investment than stocks. stay "in the loop." we're just getting started on this thursday. >> "in the loop" with betty liu will be right back. ♪ >> well, ford is unveiling the new mustang today at an event that some might call the latest evidence of a renaissance among...
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Dec 5, 2013
12/13
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should they be regulated and taxed like a regular taxi commission? number was from leaked documents so it is not confirmed, but it is also a top line revenue number. you have to figure out what their cut is and how it slows down. the $20 million a week is hard to gauge. but the company is clearly making a lot of money and has done extraordinary things. ou and view this as peer to peer sharing, but i also view it ke lifestyle.i a whole generation of people are leaving college and coming into the job market and they are viewing their world and they are saying, hey, i don't actually need to own the assets my parents owned. i don't necessarily need to own an apartment. i can rent. i know people are moving from place to lace. -- place to place. same thing with uber. and same thing with bitcoin. the economy is being restructured and at this point it is hard to discern exactly what the role of government should be. government risk of overreaching -- look, i was on the stand against iker soft in the antitrust case and it is one of the things in my career tha
should they be regulated and taxed like a regular taxi commission? number was from leaked documents so it is not confirmed, but it is also a top line revenue number. you have to figure out what their cut is and how it slows down. the $20 million a week is hard to gauge. but the company is clearly making a lot of money and has done extraordinary things. ou and view this as peer to peer sharing, but i also view it ke lifestyle.i a whole generation of people are leaving college and coming into the...
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144
Dec 10, 2013
12/13
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FBC
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one of the biggest ones is this 3.8% surtax, obamacare tax. investment income over -- if you have $250,000 of adjusted gross income you will be impacted by this on your net investment income and that investment income and closes rent and royalties as well. tracy: if i make $250,000 i worry about this and the next step is to figure out my net investment income and you are saying it is important to make sure your neck is zero. >> difficult to make it zero and that is not actually a goal. but if you have a lot of capital gains, look at your portfolio and say do i have any losses in my portfolio? if you saw losses in your portfolio, as long as you stay out of that security for 30 days and there are strategies to do that, sell it before the end of the year to offset those capital gains with that loss. tracy: you are referring to if you want to buy it back, buy it back but get a tax loss for the time being. other things we could do, we talk retirement contributions, all before year end. >> charitable contributions if you make charitable contribution
one of the biggest ones is this 3.8% surtax, obamacare tax. investment income over -- if you have $250,000 of adjusted gross income you will be impacted by this on your net investment income and that investment income and closes rent and royalties as well. tracy: if i make $250,000 i worry about this and the next step is to figure out my net investment income and you are saying it is important to make sure your neck is zero. >> difficult to make it zero and that is not actually a goal....
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Dec 5, 2013
12/13
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CNBC
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and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were doing it to try and increase entrepreneurial activity. i think the best way to do that is a capital gains tax, not income tax. so i think that was misplaced. and i think at a time when people were worried about inequality and equality, which was high on the political agenda, i think it was the wrong thing to do. >> it brings up a lot of issues about income equality. and we know the one thing that solved income equality is growth and jobs. growth and jobs. not entitlements, not redistribution, it's growth and jobs. and some of the efforts to do it the other way, to have the government orchestrate a shrinking of it -- >> fa
and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were...